The Arsenal chairman Peter Hill-Wood has promised that Arsène Wenger will be able to reinvest any money made from player sales over the summer, but he stopped short of confirming that Cesc Fábregas would be sold to Barcelona.

"It is our policy that we give the manager a transfer budget, which includes the ability to use all the money from player sales," said Hill-Wood. "He will get the money no matter how much we got from selling a player," he told Soccernet.

Barcelona have yet to table an offer for Fábregas and Hill-Wood added: "Fábregas might stay, he might go, I have no idea, and have no intention of making any comment on the subject."